Let's take a look at a short-term outlook as the week comes to a close. Friends, when we look at the 4-hour chart for the short term, it is retesting this level after breaking the resistance of 95.5K. So far, this resistance has served as a very nice support (sees). A close below this support could trigger a drop to the 92K level. As long as the support is maintained and it breaks the downward trend in the hourly chart, our target will be 99.5K again. The closing of today is significant because it is the weekly closing, and it would be good for it to close above the 95.5K resistance. Continue to follow.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
#bitcoin
Let's take a look at a short-term outlook as the week comes to a close.
Friends, when we look at the 4-hour chart for the short term, it is retesting this level after breaking the resistance of 95.5K.
So far, this resistance has served as a very nice support (sees).
A close below this support could trigger a drop to the 92K level.
As long as the support is maintained and it breaks the downward trend in the hourly chart, our target will be 99.5K again.
The closing of today is significant because it is the weekly closing, and it would be good for it to close above the 95.5K resistance.
Continue to follow.